Microsoft invests in Grab to bring AI and big data to on-demand services

TechCrunch | 10/8/2018 | Staff
mel4 (Posted by) Level 4
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Microsoft has made a strategic investment in ride-hailing and on-demand services company Grab as part of a deal that includes collaborating on big data and AI projects.

Under the agreement, Singapore-based Grab will adopt Microsoft Azure as its preferred cloud platformAzure cloud computing service.

Microsoft - Grab - Terms

Microsoft and Grab didn’t disclose financial terms.

The idea behind the tie-up is for Grab to use Microsoft’s product to scale its own digital platform, which has grown beyond ride-hailing. Grab also has its own payment service and makes food deliveries.

Partnership - Grab - Opportunities - Industry - Growth

“Our partnership with Grab opens up new opportunities to innovate in both a rapidly evolving industry and growth region,” said Peggy Johnson, executive vice president at Microsoft, said in a statement.

The companies said they’ll also work on several “innovative deep technology projects,” including new authentication measures such as facial recognition with built-in AI (for drivers and customers who opt in) to replace the old-school method of checking IDs.

Companies - Uses - Language

The companies will also investigate uses for natural language...
(Excerpt) Read more at: TechCrunch
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